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Author Question: The price effect is the effect of a ________ on the quantity of the good ________. A) decrease in ... (Read 134 times)

kfurse

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on: Jun 29, 2018
The price effect is the effect of a ________ on the quantity of the good ________.
 
  A) decrease in the price; demanded
  B) change in the price; supplied
  C) change in price and income; consumed
  D) change in the price; consumed

Question 2

If the demand is unit elastic, a price cut will leave the quantity demanded unchanged.
 
  Indicate whether the statement is true or false


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Jevvish

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


kfurse

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

nyrave

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Reply 3 on: Yesterday
Wow, this really help

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